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Armenia’s Central Bank raised interest rates by 25 basis points to 6.75% in the first rate hike in nearly four years. Chief Martin Galstyan cited accelerating inflation in the country. Dynamic Frontier Holdings, the new U.S. owner of Armenia’s Teghut copper mine, said production at the facility will continue, and announced plans to modernize operations. Russian e-commerce company Wildberries test launched a new ride-hailing service in Armenia, dubbed WB Taxi.
The European Parliament has voted in favor of providing trade relief measures for Armenian products for two years. Armenia has strengthened its sovereignty by diversifying its security, economic and diplomatic partnerships after stepping away from exclusively relying on Russia as a partner, according to Olivier Decottignies, the former French ambassador to the country.
By Arshaluys Mghdesyan Armenia’s Central Bank raised its policy rate by 25 basis points to 6.75% on Sept. 15, its first increase in nearly four years, saying stronger domestic and external demand was adding to inflationary pressure. The rate had remained at 6.5% since December 2025. Annual inflation reached 4.4% in August, above the Central Bank’s 3% target, while core inflation — which excludes volatile items — rose to 4.8%.
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